§ 13-52-1 Acceptance and administration of gifts by regents–Application to specific purposes
§ 13-52-2 Certification by attorney general of freedom from obligations on state–Legislativeapproval required for gifts of real property and building funds
§ 13-52-3 Acceptance of federal gifts–Governor’s approval required–Buildings to be on realproperty owned by institution
§ 13-52-4 Acceptance and use of federal funds for operational purposes and improvements
§ 13-52-5 Acceptance and use of federal funds for student aid and special educationalprograms
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Terms Used In South Dakota Codified Laws > Title 13 > Chapter 52 - Grants and Donations to State Institutions

  • Bequest: Property gifted by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.